LOOKING TO SHORT GBP/USD
GBP/USD 1H - This is another market I am looking to take short. I want to see price trade us up and into a valid area of Supply, deliver us with entry confirmation before we look to take part.
By price trading us up and into the Supply Zone above we are able to get involved in the market at a better price, this should also be the place price goes on to reverse from. I have marked out the last hidden order block I can see in this market.
There are other areas of interest above, but this the closest one to price and this may be all price needs in order to set off with a new leg to the downside, if price trades through this and absorbs the zone I will be looking at other areas above for places to enter short from.
This is why its very important we wait for entry confirmation and confirmation of a reversal in trend before we look to get involved in this market. I will keep you all posted.
By price trading us up and into the Supply Zone above we are able to get involved in the market at a better price, this should also be the place price goes on to reverse from. I have marked out the last hidden order block I can see in this market.
There are other areas of interest above, but this the closest one to price and this may be all price needs in order to set off with a new leg to the downside, if price trades through this and absorbs the zone I will be looking at other areas above for places to enter short from.
This is why its very important we wait for entry confirmation and confirmation of a reversal in trend before we look to get involved in this market. I will keep you all posted.
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